Reciprocal tariffs - gold continues to rise

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✍️ NOVA hello everyone, Let's comment on gold price next week from 03/31/2025 - 04/04/2025

🔥 World situation:

Gold prices surged on Friday, reaching a new all-time high of $3,086 as uncertainty surrounding US trade policy and an uptick in the Federal Reserve's (Fed) preferred inflation gauge fueled demand for the safe-haven metal. Following this, market sentiment suggests growing confidence that the Fed will implement two rate cuts in 2025. At the time of writing, XAU/USD trades at $3,079, up 0.79%.

Investor sentiment remains cautious as markets brace for April 2, dubbed “Liberation Day” by US President Donald Trump, who has signed an executive order imposing a 25% tariff on all imported automobiles. This move has sparked global reactions, particularly from Canada and the European Union (EU), both of which are preparing retaliatory measures in response to the tariffs.

🔥 Identify:

Gold price moves up, early April will continue to explode to NEW Ath

🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:

Resistance: $3100, $3132, $3150
Support : $3002, $2957


🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest

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